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. >>> well, back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend. this, as treasury secretary timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with app update on all of this. tracie, good morning to you. >> reporter: lynn, not quite empty. a lot of lawmakers on a long weekend break. take a look at some of the frustrated constituents they'll face. a protest in baltimore over social security, not the check but the jobs. the people who work in the offices who fear there could be super long lines for taxpayers if, in fact, their jobs are cut in all of this. so where do we stand today? there's a hearing today on capitol hill. the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've lea
. >>> well, back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend. this, as treasury secretary timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with app update on all of this. tracie, good morning to you. >> reporter: lynn, not quite empty. a lot of lawmakers on a long weekend break. take a look at some of the...
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. >>> back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend break. this as timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with an update. good morning to you. >> reporter: let's start with geithner. he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many law
. >>> back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend break. this as timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with an update. good morning to you. >> reporter: let's start with geithner. he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over...
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about the fiscal cliff. and tonight at 7:00 p.m., maryland senator ben cardin will join derek mcginty in our studio. last night virginia democrat jerry connolly stopped by and the 11th district representative stressed that there is room for compromise on his party's side. >> it ought to be open to negotiation what the income threshold s. the president has laid out -- is. the. has laid out 250. i think there's maneuverability there. i think it's too low. >> could it be 37, 38? >> i think he's signaled he's willing to negotiate on that but the republicans have said so far no tax increases of any kind. >> you can keep up to date on our approach to the fiscal cliff any time. just go to our website wusa9.com. click on the fiscal cliff banner which is at the top of our home page. you'll find a countdown clock and a calculator to help you figure out the impact the fiscal cliff will have on you. >>> u.s. senator jim demint has announced he's resigning. the republican from south carolina is leaving capitol hill to be
about the fiscal cliff. and tonight at 7:00 p.m., maryland senator ben cardin will join derek mcginty in our studio. last night virginia democrat jerry connolly stopped by and the 11th district representative stressed that there is room for compromise on his party's side. >> it ought to be open to negotiation what the income threshold s. the president has laid out -- is. the. has laid out 250. i think there's maneuverability there. i think it's too low. >> could it be 37, 38?...
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. >> tom: with the fiscal cliff about three weeks away, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't settle t
. >> tom: with the fiscal cliff about three weeks away, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for...
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get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white hou
get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create...
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we need to avoid the fiscal cliff. we need to recognize reality. there is only so much that can be done the balance of this year. we need to do a credible down payment and build a bridge to a grand bargain which would involve more fundamental reforms that have to be achieved. but it controls. -- budget controls. we had but the controls until 2002. we had been out of control ever since. we have had democratic spending policies of republican tax policies which leads to large escalating debt. we are going to have to reform the social insurance programs. we have to reduce defense programs and other spending and the gate in a comprehensive tax reform. that takes time. it will have to of all -- involve extraordinary presidential leadership, which we have not had in a while. hopefully we will get that. it will involve some type of citizen engagement. the good news is i recently took a 27 state national fiscal responsibility bus tour round the country focusing on swing states. a representative group of voters did the following after they heard the burning
we need to avoid the fiscal cliff. we need to recognize reality. there is only so much that can be done the balance of this year. we need to do a credible down payment and build a bridge to a grand bargain which would involve more fundamental reforms that have to be achieved. but it controls. -- budget controls. we had but the controls until 2002. we had been out of control ever since. we have had democratic spending policies of republican tax policies which leads to large escalating debt. we...
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is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the willis report". ♪ gerri: big changes coming to tech giant ibm that may change the way you ave for ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear abou particularly if you care about your retirement. ibm overhauling its retirement program. instead of contributing to its employees 401(k) over time,he company will opt to contribute a lump-sum payment once per year. this may not sound like a big change, but the move undermines the very idea of retirement savings. look, the attraction of a fox business is the idea that you leveled out what you pay for in investments over time. stock prices go up, they go down, but over time you average out your risks and your cost. i call it dollar cost averaging. but with ibm's new plan, the advantage of its lead disappears. this would not be such a big deal, but ibm is considered a leader
is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the willis report". ♪ gerri: big changes coming to tech giant ibm that may change the way you ave for ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear abou particularly if you care about your retirement. ibm overhauling its...
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is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares ts on what you need to know. we are on the case next on "the willis report". ♪ gerri: big changes coming to tech giant ibm that may change the way you save for john is 42. mortgage. married. two great kids. he wants to protecect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped ma term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this number or visit selectquote dot com. ♪ gerri: there is the story out
is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares ts on what you need to know. we are on the case next on "the willis report". ♪ gerri: big changes coming to tech giant ibm that may change the way you save for john is 42. mortgage. married. two great kids. he wants to protecect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred...
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is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the ♪ [ male announcer ] how could switchgss in argentina, change engineering in dubai, aluminum production in south africa, and theerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidedence. request a prospectus or summary prospectus with investment information, risks, feesnd expenses to rd and consider carefully before investing. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride get the mercedes-benz on your wish list at the wint event going on now through december 31st. [ santa ] hoho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local merces-benz deale ♪ gerri: big changes coming to tech giant ibm that may change the way you save for ♪ gerri: tre is the s
is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the ♪ [ male announcer ] how could switchgss in argentina, change engineering in dubai, aluminum production in south africa, and theerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our...
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in washington, daj noting -- danielle nottingham, wjz eyewitness news. >> they said a fiscal cliff compromise must include new revenue and spending cuts. he calls it stupidity for the republicans to speculate which party has more to lose if they don't reach a deal. >>> let's take a live look outside. look at that sunset. sunny, wubrisk. -- but brisk. bob is here with updated numbers. >> you bet. beautiful shot. sun is going down about 5 minutes from now. say goodbye. it will take a while. take a look at temps. just a few high clouds at 40 degrees. 44 in d.c. remember, monday and tuesday, we got up to 70. 34 now in oakland. 41, ocean city. tomorrow, we'll have an area of low pressure passing to our west. it will bring us clouds and maybe a little rain in the afternoon. to our north, it will be just maybe cold enough early in the day. could be a little bit of light, freezing drizzle up across portions of central or northern pennsylvania. so we'll be warming up, above 50 degrees again tomorrow. and milder for the weekend. denise? >> okay, bob. thank you let's check on the roads with kristy bresl
in washington, daj noting -- danielle nottingham, wjz eyewitness news. >> they said a fiscal cliff compromise must include new revenue and spending cuts. he calls it stupidity for the republicans to speculate which party has more to lose if they don't reach a deal. >>> let's take a live look outside. look at that sunset. sunny, wubrisk. -- but brisk. bob is here with updated numbers. >> you bet. beautiful shot. sun is going down about 5 minutes from now. say goodbye. it...
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no deal yet on the fiscal cliff, so why are so many lawmakers had enough of washington? later, we are joined with a later, we are joined with a hyundai -- holiday-themed >> negotiations in washington are up in the air and with nothing to vote on most lawmakers are headed home for the weekend, but legislators are likely to get an earful about their lack of progress. >> lawmakers getting a lot of washington while they can. >> we have heard eric cantor and house republicans forcing members to be in town for the christmas holiday if the deal is not done before that. >> leave us alone. >> these are the frustrated constituents they will face it social security jobs are cut. >> there will be backlog and disabilities will skyrocket. processing times will skyrocket. >> the few lawmakers left on capitol hill will get some advice when economist mark zandi testifies, and more fallout according to the treasury secretary. >> his did administration prepared to go after the fiscal cliff? >> absolutely. >> a source tells of president obama and john boehner spoke by phone. >> we cannot ne
no deal yet on the fiscal cliff, so why are so many lawmakers had enough of washington? later, we are joined with a later, we are joined with a hyundai -- holiday-themed >> negotiations in washington are up in the air and with nothing to vote on most lawmakers are headed home for the weekend, but legislators are likely to get an earful about their lack of progress. >> lawmakers getting a lot of washington while they can. >> we have heard eric cantor and house republicans...
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is the season fo giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the we are on the case next on "the willis report". this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! ♪ gerri: big changes coming to tech giant ibm that may change tech giant ibm that may change the way you save for - ♪ 'cause people got me estioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a better life. ♪ gerri: there is the story out there not getting a lot of atte
is the season fo giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the we are on the case next on "the willis report". this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the...
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the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. it's about doing right by the american people. >> i think if people would get in the room and leave their ego behind, and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> poppy harlow is joining us with more. we've been talking about how this will affect us. schultz says this goes way beyond our boarders. >> it's global. something that stuck with me talking to him about this, the people who need a deal most will be hurt t
the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for...
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. >> even as the fiscal cliff negotiations drag on in washington, wall street seems to be basically unphased. the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall street hasn't displayed more of an impact from this fiscal cliff nonsense? >> thomas, what wall street hates most of all is uncertainty and it's counterintuitive, there's actually plenty of certainty now. what's going to be certain is taxes are going up. either we go off the cliff or the curb and then taxes rise for everybody and then maybe they get repealed for the middle class and others or we reach a deal and taxes go up for the wealthiest 2% and everybody else breathes a sigh of relief. there's some
. >> even as the fiscal cliff negotiations drag on in washington, wall street seems to be basically unphased. the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've...
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i am tracie potts in washington with an update on the fiscal cliff. >> we will up the yo [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> [cheers] >> [cheers]
i am tracie potts in washington with an update on the fiscal cliff. >> we will up the yo [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> [cheers] >> [cheers]
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. >> the administration, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as of today, possession of small amounts of marijuana is legal in the state of washington. >>> now the 55th annual grammy awards revealed. the top contender, kanye west and jay-z. >> he's got it. kobe bryant. the greatest player in the history of the los angeles lakers. >> all that, ready for your mistake? >> yeah. i'd like to hear it. >> can eating while driving be distracting. >> no! >> and all that matters. >> former senator alan simpson is bringing his meg abossage ab the national debt to a new generation. >> gangnam style. >> on cbs "this morning." >> the star? a toddler and tiaras earning a spot on barbara walters list of the 20 most f
. >> the administration, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as...
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he will join us on the fiscal cliff talks and reflect on his 26 years in washington, what is wrong with the senate. >>> there are problems here. there are problems in this chamber. as proud as i am of this institution, and i will forever be, i have detected over the 26 years i've been here a change. we spend now too much of our time seeking partisan advantage. and it happens on both sides. and it's all understandable. i understand it. i'm not being critical of individuals. we spend too little time trying to solve problems. >> welcome back to "the ed show." that was north dakota senator kent conrad on the floor of the senate earlier today, reflecting on his 26 years in washington. conrad will leave the senate in january as chairman of the senate budget committee. conrad understands the numbers better than anyone else. and the senator predicted the mess we would find ourselves in with the bush tax cuts a decade ago. take a look. >> the administration told us that we could have a massive tax cut and they would still be able to have maximum paydown of the debt and protect social security. n
he will join us on the fiscal cliff talks and reflect on his 26 years in washington, what is wrong with the senate. >>> there are problems here. there are problems in this chamber. as proud as i am of this institution, and i will forever be, i have detected over the 26 years i've been here a change. we spend now too much of our time seeking partisan advantage. and it happens on both sides. and it's all understandable. i understand it. i'm not being critical of individuals. we spend too...
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washington journal," ongoing negotiations on the so-called fiscal cliff. then, we hear from the associated press on how congressional leaders plan to handle social security as part of the talks. later, more on the role of social security ahead with the aarp and the heritage foundation. "washington journal" is live every day at 7:00 a.m. eastern. >> the white house was very controversial, as most things in america were. the man who designed washington city -- there was competition. he submitted a design for a palace. americans were not having a palace. it was not particularly odd inspiring. in fact, in 1821, a european diplomat told the congress it was neither large nor on inspiring. -- awe-inspiring. the congressman answered, the building served its purpose. if it were larger and more elegant, perhaps some president would be inclined to become its permanent resident. >> a former new york times book critic has gathered a few of her favorite white house photos. what sunday evening, at 7:30 eastern and pacific, on american history tv. >> the american enterpri
washington journal," ongoing negotiations on the so-called fiscal cliff. then, we hear from the associated press on how congressional leaders plan to handle social security as part of the talks. later, more on the role of social security ahead with the aarp and the heritage foundation. "washington journal" is live every day at 7:00 a.m. eastern. >> the white house was very controversial, as most things in america were. the man who designed washington city -- there was...
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he will join us on the fiscal cliff talks and reflect on his 26 years in washington, what is wrong with the senate. (announcer) when subaru owners look in the mirror, they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. get 0% apr financing for 36 months on a 2013 subaru forester and we'll donate 250 dollars to your choice of 5 charities. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. darrell hasn't been able to visit his mom back east in a long time. [ mom ] things are sometimes a little tight. i wasn't able to go to the wedding. [ emily jo ] since da
he will join us on the fiscal cliff talks and reflect on his 26 years in washington, what is wrong with the senate. (announcer) when subaru owners look in the mirror, they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd....
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in the fiscal cliff discussions. only 28% said they would behave like responsible adults. tonight, signs that maybe some adult behavior might be prevail. and a compromise might be reached. joining me now live is senior white house correspondent dana bash, jessica yellin and david gergen. what's the latest? what are you hearing? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time th
in the fiscal cliff discussions. only 28% said they would behave like responsible adults. tonight, signs that maybe some adult behavior might be prevail. and a compromise might be reached. joining me now live is senior white house correspondent dana bash, jessica yellin and david gergen. what's the latest? what are you hearing? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important...
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host: domestic cuts on the table for the fiscal cliff tops. isabel sawhill, senior fellow with the brookings institution and co-director of the center on children and families. james capretta, ethics and public policy center fell and visiting scholar at aei. are these potential domestic cuts under sequestration devastating or manageable? guest: somewhere in between. not a good idea. they would be very deep cuts. an 8% cut across the board is a very significant one time cut for any program to sustain in the immediate year. so they're not a good idea. would it be the end of the world? no. there would be a downsizing of a lot of services across the government in terms of the domestic accounts. there would be fewer services being provided. there would be reduced federal employees. some grant programs that would take carand hair cut of 5% or 1. the economy would go on and the government would go on. the public would still continue to get serviced by and large. host: can agencies manage this? guest: we have managed sequesters in the past, but not of
host: domestic cuts on the table for the fiscal cliff tops. isabel sawhill, senior fellow with the brookings institution and co-director of the center on children and families. james capretta, ethics and public policy center fell and visiting scholar at aei. are these potential domestic cuts under sequestration devastating or manageable? guest: somewhere in between. not a good idea. they would be very deep cuts. an 8% cut across the board is a very significant one time cut for any program to...
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as we move closer and closer to the fiscal cliff everyone will be keeping an eye out on a big deal or could we see a big tax hike. only three weeks before we possibly go over. david: wonder if we trade the guns to avoid a deal for the fiscal cliff. lauren: you're onto something. david: maybe. i don't think they would go for that. "money" with melissa francis is coming next. melissa: i'm melissa francis. here is what is money tonight. a huge break through for u.s. natural gas. a key government study could open the door for exports and create a boom for the economy. the only thing standing in the way though is president obama. we'll drill down with a natural gas company's ceo. >>> plus fighting crazy with crazy. could two plat nurm coins worth a trillion dollars each solve our debt crisis? is it as nuts as it sounds? bear with me here, people. our "money" power panel will break it down. >>> are plastic bags on the way to extinction. they're completely banned in two cities. chicago wants to nix them. guess who is behind it? my favorite chicago alderman. i say stop the madness. but alderm
as we move closer and closer to the fiscal cliff everyone will be keeping an eye out on a big deal or could we see a big tax hike. only three weeks before we possibly go over. david: wonder if we trade the guns to avoid a deal for the fiscal cliff. lauren: you're onto something. david: maybe. i don't think they would go for that. "money" with melissa francis is coming next. melissa: i'm melissa francis. here is what is money tonight. a huge break through for u.s. natural gas. a key...
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Dec 11, 2012
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cliff if washington can't strike a deal. so with the clock ticking and the stakes so high, both the white house and republican leaders are tamping down their fiery rhetoric. listen to president obama's sales pitch for his version of a compromise. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class families, we make some tough spending cuts on things that we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> brianna keilar is at the white house. brianna, are meetings going on outside of the public's view? is that your understanding? >> reporter: well, there are discussions. that is what we're told. as we understand it, obviously, the last meeting between the president and speaker boehner was on sunday. but we're told by both the white house and the speaker's office that discussions are ongoing, so, obviously, they can all pick up the telephone, and that, quote, the lines of communication are open. this is thing we're hearing over
cliff if washington can't strike a deal. so with the clock ticking and the stakes so high, both the white house and republican leaders are tamping down their fiery rhetoric. listen to president obama's sales pitch for his version of a compromise. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class families, we make some tough spending cuts on things that we don't need, and then we ask the wealthiest americans to pay a slightly...
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Dec 8, 2012
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certainly a quiet morning in washington. maybe they are thinking about the fiscal cliff. who knows. well, our focus today and this morning is syria which is important, not just because more than 40,000 have died in the 21-month conflict but because there are new fears that the government may unleash deadly chemical weapons on its own people. that means more lives could be lost, and for americans it means that the u.s. would probably take action. president obama, secretary of state clinton and defense secretary leon panetta have warned president bashar al assad that using chemical weapons crosses the red line. >> the world is watching. the use of chemical weapons is and would be totally unacceptable. >> so the question is what would that action look like? cnn pentagon correspondent barbara starr has a look. >> reporter: randi, for defense secretary leon panetta, the major priority now is to try to determine syria's intent. does it intend to use chemical weapons? with the u.s. now believing the syrian government has chemical weapon-filled bombs, cnn has learned the pentagon is secretl
certainly a quiet morning in washington. maybe they are thinking about the fiscal cliff. who knows. well, our focus today and this morning is syria which is important, not just because more than 40,000 have died in the 21-month conflict but because there are new fears that the government may unleash deadly chemical weapons on its own people. that means more lives could be lost, and for americans it means that the u.s. would probably take action. president obama, secretary of state clinton and...
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i think that the ramifications of the fiscal cliff, um, will be important. i'm optimistic that we're going to get some leadership in washington that'll actually save us from having to go off that cliff or down that hill, if you will. but i think we are -- there's uncertainty. and whenever there's uncertainty, the market will have less volume in it. liz: tom kloet, good to see you. >> thanks for having me. liz: ceo of the tmx group. david: a u.s. plant right in the heart of canada. they don't realize it yet. [laughter] good to see you. >> thank you. david: well, is now the time to buy apple? a morningstar senior equity analyst thinks so and says some of the blame for the recent decline should fall on washington. why? find out why, coming next. liz: plus, choice hotels expanding its upscale brand right here in america. they must believe that there's a real market here. find out why they're starting three brand new upscale ones at least here in new york. steve joyce, choice hotels ceo and president, joining us after the break. ♪ music is a universal language.
i think that the ramifications of the fiscal cliff, um, will be important. i'm optimistic that we're going to get some leadership in washington that'll actually save us from having to go off that cliff or down that hill, if you will. but i think we are -- there's uncertainty. and whenever there's uncertainty, the market will have less volume in it. liz: tom kloet, good to see you. >> thanks for having me. liz: ceo of the tmx group. david: a u.s. plant right in the heart of canada. they...
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experts say it could be the sail mate in washington around the fiscal cliff that's causing th this. chris stirewalt is our host of power play on foxnews.com live. this consumer confidence report shows the levels have plunges to the lowest in five months. is this getting any play in washington or was all the talk about the jobs numbers and unemployment rates? >> the jobs numbers weren't good enough to overshadow too much. but the reality in washington is this. that regardless of how bad things are getting right now, and regardless of how much they are scaring the rest of the country, they seem dead set on going over the cliff right now and it will take a lot more than panicking consumers before they change their minds. alisyn: melissa francis is the host of "money" on the fox news business network. explain what consumer confidence means and why it's so bad. >> a lot of it has to do with the fiscal cliff. but as you look deeper into these numbers and the questions they were asking, a lot of people respond saying they feel like taxes are going up count road and that made them nervous a
experts say it could be the sail mate in washington around the fiscal cliff that's causing th this. chris stirewalt is our host of power play on foxnews.com live. this consumer confidence report shows the levels have plunges to the lowest in five months. is this getting any play in washington or was all the talk about the jobs numbers and unemployment rates? >> the jobs numbers weren't good enough to overshadow too much. but the reality in washington is this. that regardless of how bad...
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Dec 7, 2012
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cliff. it's time for the president, if he's serious to come back to us with a counter offer. >> the president told a virginia family on thursday he won't back down on taxing the rich. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. >> the rebels gain on assad raising fears he might use chemical weapons. that was enough to frighten the russians into talking with hillary clinton about a political transition. >> the united states stands with the syrian people in insisting that any transition process re -- result in a unified democratic syria in which all citizens are represented. the future of this kind cannot possibly include assad. >> a tragic turn of events in london. the nurse that first transferred that prank call to duchess catherine is found dead. david axelrod shaves it all off on "morning joe." >> joe scarbor
cliff. it's time for the president, if he's serious to come back to us with a counter offer. >> the president told a virginia family on thursday he won't back down on taxing the rich. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. >> the rebels gain on assad raising fears he might use chemical...
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cliff. the deadly storm destroyed or otherwise damaged hundreds of thousands of homes and businesses knocking out power to millions of people along the northeast coast. be careful what you say in front your television because one day soon it could be listening. a new system is in the works that could target commercials just for you. based on what you say. or how you act in the privacy of your own home. >>trace: your television could be watching you one day. the major cable provider has filed for a pat than does that, a set 207 box that you can use or pick up on your gestures while you were watching television. it could listen in on your conversations. the whole idea is to taylor commercials specifically for whoever is watching. for example, if the box hears you arguing with your spouse an advertisement for marriage counseling could pop up. we have seen proposals like this before and it raises big concerns from privacy advocates. today a company spokesman says and i quote, "vie drop has a wel
cliff. the deadly storm destroyed or otherwise damaged hundreds of thousands of homes and businesses knocking out power to millions of people along the northeast coast. be careful what you say in front your television because one day soon it could be listening. a new system is in the works that could target commercials just for you. based on what you say. or how you act in the privacy of your own home. >>trace: your television could be watching you one day. the major cable provider has...
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. >> shep, that's the great unknown in all of this fiscal cliff fighting. some argue the country won't be badly damaged if the country hits the fiscal cliff. republicans and democrats keep arguing into the new year. others are worried failure to strike a deal could send the nation back into a recession. >> i think people understand the failure to compromise and going over the cliff could really jeopardize this recovery. the good news today about more people back at work, the unemployment rate coming down, listen, that can be reversed if people lose confidence in our future. >> the number two senate ranked democrat mr. temperature bib argues next week will be critical in terms of president obama and speaker boehner finding a compromise. shep? >> shepard: democrats are still saying what they have said all along and what the president ran on this is about taxes. >> that is true and they note president obama campaigned on upper income americans paying more so they intend to make sure that happens. the house democratic leader says the only obstacle is republican
. >> shep, that's the great unknown in all of this fiscal cliff fighting. some argue the country won't be badly damaged if the country hits the fiscal cliff. republicans and democrats keep arguing into the new year. others are worried failure to strike a deal could send the nation back into a recession. >> i think people understand the failure to compromise and going over the cliff could really jeopardize this recovery. the good news today about more people back at work, the...
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everyone is watching washington for any news from these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particu
everyone is watching washington for any news from these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think...
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. >> now a brief look at the impact is cliff negotiations may have on tax incentives from today's washington journal. this is just under 10 minutes. >> guest: >> host: we have been focusing on different parts of the fiscal cliff discussion and now we are looking at tax extenders or tax incentives for business and individuals. joining us in this discussion is a tax writer for see q roll-call, what are text extenders? >> temporary tax breaks. that is the most basic definition. some are concerned the entire tax code is turning to one text extender. where do you define it? traditionally they are considered to be small provisions narrowly targeted at different types of businesses. some do individuals as well. >> host: why are the temporary? >> guest: good question. a lot of people including people in congress say they should be made permanent or they should be eliminated altogether. but they are temporary because it is easier to pass that way, looks like it costs less. usually they keep being extended and extended so in effect they are almost permanent. >> host: we will look at some of these, thi
. >> now a brief look at the impact is cliff negotiations may have on tax incentives from today's washington journal. this is just under 10 minutes. >> guest: >> host: we have been focusing on different parts of the fiscal cliff discussion and now we are looking at tax extenders or tax incentives for business and individuals. joining us in this discussion is a tax writer for see q roll-call, what are text extenders? >> temporary tax breaks. that is the most basic...
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host: a republican from missouri said, as washington debates the fiscal cliff on spending and taxes we should not forget the regulatory avalanche that awaits businesses in the new year. roughly 4,100 regulations are coming through the pipeline. not all regulations will affect small businesses, many will, however, and the compliance costs for small firms exceed that of their large competition by some 36%. guest: that -- it's difficult for a small business leader to come to the white house and talk about this. we try to put business leaders together to talk about those. on the regulatory front, the head of -- former hofede the office of regulatory affairs who recently left the white house were very aggressive about going out and meeting business leaders and looking for a new way to take input. cat's published results which -- before he left the white house which showed the rate of regulatory activity had drop and the value created by eliminating bad regulations or needless regulations and streamlining regulations had gone up when compared to the previous two administrations. guest: we're
host: a republican from missouri said, as washington debates the fiscal cliff on spending and taxes we should not forget the regulatory avalanche that awaits businesses in the new year. roughly 4,100 regulations are coming through the pipeline. not all regulations will affect small businesses, many will, however, and the compliance costs for small firms exceed that of their large competition by some 36%. guest: that -- it's difficult for a small business leader to come to the white house and...
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there's been all this talk about the fiscal cliff. we know it is fact approaching. we know it is something that would threaten not only the united states economy, but the economies around the globe. if we go over that cliff, there will be steep cuts and spending and steep tax increases that would automatically kick in. what we're doing here today is talking to our elected officials, talking to people who are involved in these talks, trying to figure out what will happen, where we are and if there's any way to avoid that cliff, if there's a good way to come about with tax reform and a close look at what's been happening on the spending side, as well. we have a lineup of a lot of gets who are here. joining us this morning, early on we'll be joined by representative jeb henserling. he will give us on some of the insight on what is happening. we're talking to senators this morning. senator ron johnson will be joining us. and grove er nordquist. he is rite in the center of this base. a lot of people see him as a huge part of the problem. if you want to get something solv
there's been all this talk about the fiscal cliff. we know it is fact approaching. we know it is something that would threaten not only the united states economy, but the economies around the globe. if we go over that cliff, there will be steep cuts and spending and steep tax increases that would automatically kick in. what we're doing here today is talking to our elected officials, talking to people who are involved in these talks, trying to figure out what will happen, where we are and if...
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the fight over taxes and political power in washington as the fiscal cliff looms and fears of a recession close in. >> the latest negotiations and nasty exchanges in a battle over everyone's money. it is wednesday, december 5th. >> announcer: from abc new, this is "world news now." >>> good hump day, everybody. wednesday morning. i'm rob nelson. >> and i'm paula faris. >>> we're going to update you on the big fiscal fight in our top story from washington. and from one capital to another, the political uproar in egypt. how cairo police are taking action as thousand of protesters hit streets in outrage. an all-too-familiar scene. >> most protesters say it seems like they traded one dictator for another. >> for another. >>> hard to believe it is. they're part of a growing group of so-called preppers getting ready, as you can see, for the very, very worst. normal everyday folks getting ready for the end of time. >> completely normal. wow. >>> later this half hour, the upcoming movie from "lord of the rings" series and why some fans who have already seen it say the film made them sick. but thi
the fight over taxes and political power in washington as the fiscal cliff looms and fears of a recession close in. >> the latest negotiations and nasty exchanges in a battle over everyone's money. it is wednesday, december 5th. >> announcer: from abc new, this is "world news now." >>> good hump day, everybody. wednesday morning. i'm rob nelson. >> and i'm paula faris. >>> we're going to update you on the big fiscal fight in our top story from...
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john boehner said today, "the debt limit should be used for fiscal sanity here in washington d.c." that's somewhat of the republican idea here. it's a way from having a big deal. it's a way from perhaps going over the cliff entirely. it's, all right, maybe we give them the 250,000 or below, and then we live to fight another day on the debt limit. if that happens, what does that mean for the markets? it brings washington to its knees again, and we try to ask nancy pelosi about that today. she declined to answer questions about the debt limit, but if you see that fight play out in the early part of 2013, what does it mean, the obama administration, the priorities they would like to see, it looks like the debt limit right now is very much this political football same as it was in 2011. >> thank you. i want to quickly bring in the panel because what you are saying brings me to a point that's been kind of bothering me about this whole discussion. republicans keep saying that what the democrats -- what the president sht bringing to the table are enough cuts, but they never seem to want t
john boehner said today, "the debt limit should be used for fiscal sanity here in washington d.c." that's somewhat of the republican idea here. it's a way from having a big deal. it's a way from perhaps going over the cliff entirely. it's, all right, maybe we give them the 250,000 or below, and then we live to fight another day on the debt limit. if that happens, what does that mean for the markets? it brings washington to its knees again, and we try to ask nancy pelosi about that...
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symptoms rather than disease, and we need to avoid the fiscal cliff, but we need to recognize reality that there's only so much that can be done in the remaining year. we have to do an incredible down payment, build a bridge to a grand bargain, building on reforms that have to be achieved. in position of budget controls, had budget controls until 2002, expired in the end of 2002, and been out of control ever seasons. it takes time, and it has to involve extraordinary potential leadership, which we have not had in quite a while, and hopefully we'll get, and frankly, it was terrible on the issues as well, and it's going to involve some type of citizen engagement effort to be able to demonstrate people are willing, ready, and able to handle the tough choices, and it's going to take, obviously, the committee doing their job in private negotiations. the good news in that regard is i recently undertook a 10,000-mile, 23-day, 27-state national fiscal responsibility bus tour around focusing on swing states, and a representative group of voters after they heard the case about where we are. num
symptoms rather than disease, and we need to avoid the fiscal cliff, but we need to recognize reality that there's only so much that can be done in the remaining year. we have to do an incredible down payment, build a bridge to a grand bargain, building on reforms that have to be achieved. in position of budget controls, had budget controls until 2002, expired in the end of 2002, and been out of control ever seasons. it takes time, and it has to involve extraordinary potential leadership, which...
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there are only three weeks left until the fiscal cliff, but there's signs this morning the stalemate in washington is starting to break. >> and that's good news for both sides of the aisle. president obama and house speaker john boehner met face to face sunday for the first time in nearly a month. major garrett is at the white house with where things stand this morning. >> reporter: speaker boehner has told the white house and his fellow house republicans he wants the outlines of a fiscal cliff deal no later than this saturday. and if that's to be achieved, events of this past weekend may have proved piftal. obama and boehner met here at the white house sunday, and that meeting left both hopeful those subsequent conversations at the staff level achieved little apparent progress. even so, the president extended the invitation to boehner friday after boehner, for the first time in a press conference, publicly at least hinted he might be open to raising the top income tax rates on the top 2% of american household income earners. that may have cleared an opening for the president and boe
there are only three weeks left until the fiscal cliff, but there's signs this morning the stalemate in washington is starting to break. >> and that's good news for both sides of the aisle. president obama and house speaker john boehner met face to face sunday for the first time in nearly a month. major garrett is at the white house with where things stand this morning. >> reporter: speaker boehner has told the white house and his fellow house republicans he wants the outlines of a...